Marengo home prices fall in September 2020

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The median sale price of a home sold in September 2020 in Marengo fell by $22,500 while total sales increased by 15.4%, according to BlockShopper.com.

In September 2020, there were 15 homes sold, with a median sale price of $145,000 - a 13.4% decrease over the $167,500 median sale price for the same period of the previous year. There were 13 homes sold in Marengo in September 2019.

The median sales tax in Marengo for the most recent year with available data, 2019, was $4,577, approximately 3.2% of the median home sale price for September 2020.

The following table compares Marengo to other McHenry County cities with similar median sales prices in September 2020:

CitySept. 2020 Home SalesSept. 2019 Home Sales% change (Total Home Sales)Sept. 2020 Median Sales PriceSept. 2019 Median Sales Price% change (Median Sales Price)
Wonder Lake302330.4%$177,500$168,0005.7%
Island Lake14140%$172,000$189,000-9%
Lakemoor330%$159,000$170,000-6.5%
Hebron45-20%$159,000$168,000-5.4%
Eastwood Manor30-$152,000$0-
Marengo151315.4%$145,000$167,500-13.4%
Wonder Center110%$132,500$156,000-15.1%
McCullom Lake110%$131,000$170,000-22.9%
Fox River Shores13-66.7%$129,000$191,000-32.5%
Harvard1115-26.7%$127,000$150,000-15.3%
Pistakee110%$52,500$140,000-62.5%

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